KINETON_SHEET_METAL_(ENGI - Accounts

KINETON SHEET METAL (ENGINEERING) LIMITED - Company Information

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Company Registration No. 02633131 (England and Wales)

KINETON SHEET METAL (ENGINEERING) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

KINETON SHEET METAL (ENGINEERING) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KINETON SHEET METAL (ENGINEERING) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,368

5,629

Current assets

Stocks

1,850

2,000

Debtors

129,465

129,650

Investments

Cash at bank and in hand

124,752

142,538

256,068

274,189

Creditors: amounts falling due within one year

(63,349)

(83,760)

Net current assets

192,719

190,429

Total assets less current liabilities

197,087

196,058

Provisions for liabilities

(692)

(904)

196,395

195,154

Capital and reserves

Called up share capital

100

Profit and loss account

196,295

195,054

Shareholders' funds

196,395

195,154

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 November 2016

Mr P. Bryson

Mr M C Bryson

Director

Company Registration No. 02633131

KINETON SHEET METAL (ENGINEERING) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings leasehold

Straight line over ten years

Plant and machinery

20% Reducing balance

Motor vehicles

25% Reducing balance

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

KINETON SHEET METAL (ENGINEERING) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2015 & at 31 July 2016

79,334

Depreciation

At 1 August 2015

73,705

Charge for the year

1,261

At 31 July 2016

74,966

Net book value

At 31 July 2016

4,368

At 31 July 2015

5,629

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The company is under the control of the Directors P. Bryson and M.C. Bryson.